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Trump stated that the U.S. does not need Hormuz, and threatened to strike an Iranian bridge or power plant for every ship attacked by Iran; Tehran warned it would retaliate against U.S. interests and declared, 'No one will be allowed to sell oil.'
Iranian military officials stated that Iran possesses an "ironclad will" to control the Strait and will firmly exercise its authority over any passage not coordinated with Iranian authorities. The Speaker of Iran's Parliament declared that if Iran is unable to sell oil, no other country will be allowed to do so; and if Iran’s security is not guaranteed, no infrastructure will be safe. Senator Marco Rubio stated that the United States remains open to negotiations, but Iran will face "consequences" if it violates its commitments. Iran’s former foreign minister asserted that Iran has the capability to seize U.S. military bases in the Gulf region and warned Ukraine against supplying drones.
Hopes for a U.S.-Iran ceasefire dashed! Brent crude briefly rebounded to the $95 mark as geopolitical risk premiums return in full force.
Escalating U.S.-Iran tensions and the near-collapse of negotiations have prompted markets to reprice the risk of prolonged energy supply disruptions. Brent crude has surged past $95 per barrel, as fears of a potential blockade of the Strait of Hormuz have driven up oil and gas prices, inflation expectations, and U.S. Treasury yields in tandem. Geopolitical risk premiums are now becoming the new core pricing factor in global energy markets.
Why Has Trump Suddenly Targeted Iran’s ‘Gao Shan’? Crude Oil Markets Are Closely Watching
Trump publicly threatened to strike Iran’s Fordow underground nuclear facility, prompting Iran to warn that such an action would trigger a regional war. Located over 100 meters beneath solid rock, Fordow has become the focal point of U.S.-Iranian confrontation; reports indicate Iran may have already relocated thousands of centrifuges into these deep tunnels. Current U.S. bunker-busting munitions may struggle to directly destroy the site, and as military clashes and nuclear negotiations continue to intertwine, the risk of escalating tensions in the Middle East has sharply increased.
U.S. Secretary of State Rubio: The United States remains willing to engage in negotiations on the Iran issue.
U.S. Secretary of State Marco Rubio said on Wednesday that the United States remains willing to resolve the Iran issue through negotiations, but Tehran has shown a lack of sincerity toward dialogue. Meanwhile, escalating conflicts have disrupted two of the world’s most critical energy transit chokepoints.
HK Market Movers | CNOOC (0883.HK) Rises Nearly 3% in Late Trading as Both Major Oil Benchmarks Surge Over 25% This Month; Crude Volatility May Intensify Amid Low Inventories
CNOOC (00883.HK) rose nearly 3% in the final trading session, bringing its cumulative gain for the month to over 18%. As of the time of writing, it was up 2.55% at HK$24.10, with a trading volume of HK$1.846 billion.
A-Share Market Close: Declines on Lower Volume! ChiNext Index Falls 3.23%; Precious Metals and Power Sectors Rise Against the Trend
On July 22, major A-share indices declined in the afternoon session. By market close, the Shanghai Composite Index rose 0.07%, the Shenzhen Component Index fell 1.42%, the ChiNext Price Index dropped 3.23%, and the STAR 50 Index declined 2.26%. Total trading volume across the three markets reached RMB 2.6688 trillion, with more than 3,800 stocks ending lower. In market highlights, gold prices rebounded above the USD 4,100 mark, driving gains across gold and nonferrous metals sectors, with Shandong Gold International and Zhaojin Mining both hitting their daily trading limits. Brent crude oil surpassed USD 92 per barrel, boosting the oil and gas exploration and services sector, as Zhongman Petroleum reached its daily limit. Power, coal, and baijiu (Chinese liquor) sectors also ranked among the top gainers. Conversely, the PET copper foil sector continued to decline, with Tongguan Copper...